HighTower Advisors LLC Buys 147,000 Shares of Schwab Fundamental U.S. Large Company ETF $FNDX

HighTower Advisors LLC lifted its stake in shares of Schwab Fundamental U.S. Large Company ETF (NYSEARCA:FNDX) by 8.7% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,837,904 shares of the company’s stock after buying an additional 147,000 shares during the quarter. HighTower Advisors LLC’s holdings in Schwab Fundamental U.S. Large Company ETF were worth $48,337,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Paladin Advisory Group LLC bought a new stake in shares of Schwab Fundamental U.S. Large Company ETF in the second quarter valued at $25,000. Mid American Wealth Advisory Group Inc. purchased a new stake in Schwab Fundamental U.S. Large Company ETF in the 2nd quarter worth about $37,000. Bogart Wealth LLC raised its stake in Schwab Fundamental U.S. Large Company ETF by 91.5% in the 3rd quarter. Bogart Wealth LLC now owns 1,626 shares of the company’s stock valued at $43,000 after acquiring an additional 777 shares during the period. First Command Advisory Services Inc. purchased a new stake in Schwab Fundamental U.S. Large Company ETF during the third quarter valued at about $43,000. Finally, Manning & Napier Advisors LLC bought a new position in Schwab Fundamental U.S. Large Company ETF during the third quarter worth about $50,000.

Schwab Fundamental U.S. Large Company ETF Stock Down 0.2%

FNDX opened at $28.86 on Wednesday. The firm has a 50-day moving average price of $28.02 and a 200-day moving average price of $26.83. Schwab Fundamental U.S. Large Company ETF has a twelve month low of $20.41 and a twelve month high of $29.37. The company has a market capitalization of $23.91 billion, a price-to-earnings ratio of 17.86 and a beta of 0.93.

Schwab Fundamental U.S. Large Company ETF Company Profile

The Schwab Fundamental U.S. Large Company Index ETF (FNDX) is an exchange-traded fund that is based on the Russell RAFI Large Company US index. The fund tracks a fundamentally selected and weighted Russell index based on sales, cash flow and dividends\u002Fbuybacks. FNDX was launched on Aug 15, 2013 and is managed by Charles Schwab.